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Before taking the plunge and committing to marriage or already living in wedded bliss, considering the eventuality of separation can be an unpleasant thought, still, it is wise in some cases to secure one’s finances, such as any potential inheritances or businesses, for the future.
It can feel antithetical to contemplate a potential split before marriage or after it. In some scenarios, it is wise to protect financial assets like a business or an inheritance, safeguarding them for the future.
Even when living contentedly in a marital union, it may not seem like the most passionate thing to consider what might occur during a separation. Nonetheless, under certain conditions, protecting some financial resources – like a company or inheritance – for your prospects is practical.
A pre or postnuptial agreement is beneficial in numerous ways, such as eliminating financial disputes should your relationship end, protecting inherited wealth that you would like to stay within the family, shielding any children from a previous relationship from financial loss, keeping your business under your own control, and shielding you from liability for your partner's debts.
Safeguarding property for the children of a former relationship is essential.
Securing assets inherited within one's family can be achieved through protecting their financial resources.
Liz is a family law solicitor, who, as a member of Resolution, aims to deal with matters in a firm yet unconfrontational manner where possible.
Get in contact with Liz using the information below:
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